What economists think of Philip Lowe’s comments

Reserve Bank governor Philip Lowe is under fire for suggesting people “cut back on spending” or “find additional hours of work” to cope with the 12th cash rate rise since May last year.

Senior economics correspondent for The Age, Shane Wright, says a growing number of economists are speaking out against Mr Lowe’s approach.

“There’s a fair few economists saying ‘No, this is actually getting a bit too high’,” he told Ross and Russel.

Press PLAY below to hear how economists are reacting to the RBA’s approach and Philip Lowe’s comments

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